SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (date of earliest event reported): April 29, 2004
CARRIZO OIL & GAS, INC.
(Exact name of registrant as specified in its charter)
Texas 000-22915 76-0415919
(State or other (Commission (I.R.S. Employer
jurisdiction of File Number) Identification No.)
incorporation)
14701 St. Mary's Lane
Suite 800
Houston, Texas 77079
(Address of principal executive offices) (Zip code)
Registrant's telephone number, including area code: (281) 496-1352
Item 5. Other Events.
We are disclosing our updated drilling schedule for 2004. We have
budgeted to drill approximately 36 gross wells (16.2 net) in the Gulf Coast
region and 13 gross wells (9.4 net) in our East Texas Area and Barnett Shale
trend in 2004.
We are also disclosing that we have budgeted capital expenditures in
2004 of approximately $45.0 million, excluding the recently announced $8.2
million acquisition in the Barnett Shale trend which we expect will be financed
by a mezzanine project facility currently under negotiation.
The statements contained in this report including, but not limited to,
those relating to our drilling schedule and capital expenditures for 2004 and a
mezzanine project facility currently under negotiation and other statements that
are not historical facts are forward-looking statements. Such statements involve
risks and uncertainties, including, but not limited to, those relating to our
dependence on our exploratory drilling activities, the volatility of oil and
natural gas prices, the need to replace reserves depleted by production,
operating risks of oil and natural gas operations, our dependence on our key
personnel, factors that affect our ability to manage our growth and achieve our
business strategy, risks relating to our limited operating history,
technological changes, our significant capital requirements, the potential
impact of government regulations, adverse regulatory determinations, litigation,
competition, the uncertainty of reserve information and future net revenue
estimates, property acquisition risks, industry partner issues, availability of
equipment, weather and other factors described in our Annual Report on Form 10-K
for the year ended December 31, 2003 and our other filings in the Securities and
Exchange Commission. Should one or more of these risks or uncertainties
materialize, or should underlying assumptions prove incorrect, actual outcomes
may vary materially from those indicated. All subsequent written and oral
forward-looking statements attributable to us or persons acting on our behalf
are expressly qualified in their entirety by reference to these risks and
uncertainties. You should not place undue reliance on forward-looking
statements. Each forward-looking statement speaks only as of the date of the
particular statement.
Item 12. Results of Operations and Financial Condition.
The following information is furnished under Item 12 of Form 8-K
(Results of Operations and Financial Condition).
Our press release dated April 29, 2004 announcing production, prices
and other operational results of Carrizo Oil & Gas, Inc. for the first quarter
of 2004, furnished as Exhibit 99.1 to this report, is incorporated by reference
herein.
None of the information furnished in Item 12 and the accompanying
exhibit will be deemed "filed" for purposes of Section 18 of the Securities
Exchange Act of 1934, not will it be incorporated by reference into any
registration statement filed by Carrizo Oil & Gas under the Securities Act of
1933, as amended, unless specifically identified therein as being incorporated
therein by reference. The furnishing of the information in this report is not
intended to, and does not, constitute a determination or admission by Carrizo
Oil & Gas, that the information in this
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report is material or complete, or that investors should consider this
information before making an investment decision with respect to any security of
Carrizo Oil & Gas.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
CARRIZO OIL & GAS, INC.
By: /s/ Paul F. Boling
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Name: Paul F. Boling
Title: Vice President and
Chief Financial Officer
Date: April 30, 2004
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EXHIBIT INDEX
The following exhibit is furnished pursuant to Item 12:
99.1 Press Release, dated April 29, 2004, Announcing Operational Results for
First Quarter 2004.
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